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Apple heads for largest Q3 revenue drop since 2016 as iPhone sales slow

Inside Retail

per cent drop in total quarterly revenue, according to Refinitiv – its steepest drop in third-quarter revenue since 2016. The post Apple heads for largest Q3 revenue drop since 2016 as iPhone sales slow appeared first on Inside Retail. per cent rise in the quarter ended March.

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Retail Food Group settles class action filed by former franchisees

Inside Retail

The proceedings were about changes implemented to the supply chain between 2015 and 2016, and alleged breach of the Franchise Agreement, contraventions of the Australian Consumer Law and the Franchising Code of Conduct, the company said in its previous statement.

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Luxury brand Hermès targeted by animal rights protestors

Inside Retail

PETA became a shareholder of Hermès in 2015 to push back against exposed cruelty in reptile farms in Texas and Zimbabwe, and in 2016 also revealed poor conditions for young ostriches at a Hermès supplier, before finding more poor conditions in 2017 in a Vietnam crocodile supplier.

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Trivago fined $44.7 million for misleading travellers

Inside Retail

Between December 2016 and September 2019, the company admitted to receiving $58 million in cost-per-click fees from offers that weren’t the cheapest choice available for a given hotel. Trivago had used an algorithm to determine which travel booking site paid the highest cost-per-click fee and highlighted them on its website.

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Ethical fashion label Arnsdorf closes

Inside Retail

Arnott temporarily closed the company in 2012 and relaunched it in 2016. .” Arnott founded Arnsdorf in 2006 and established a following across Australia, North America, and Europe. The post Ethical fashion label Arnsdorf closes appeared first on Inside Retail Australia.

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StockX Co-founder Promoted to CEO Job

Retail TouchPoints

Schwartz co-founded StockX, a platform for buyers and sellers of sneakers, apparel, electronics and collectibles, in 2016 with Dan Gilbert, Josh Luber and Chris Kaufman. Current CEO Scott Cutler, who was one of the company’s earliest investors and advisors, will step down but will remain through 2024 to help ensure a smooth transition.

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Burberry names new CEO

Inside Retail

Akeroyd has served at Versace as CEO since June 2016, helping the brand reorganise and accelerate its growth. Prior to Versace, he was CEO at Alexander McQueen from 2004 to 2016. Akeroyd has also held several senior fashion roles at London-based luxury department store Harrods. “I